Canada’s improving employment situation and expectations for economic growthDeltafx Admin 10 January 2023
The unemployment rate measures the percentage of the total labor force that was unemployed and actively looking for work in the past month.
A higher-than-expected reading should be considered negative/bearish for CAD, while a release of a lower-than-expected reading should be considered positive/bullish for CAD.
The Canadian Unemployment Index was released at 1:30 a.m. on January 6 at 5.0%, 0.2% below expectations. It should also be noted that the previous period’s reading of this index was 5.1%.
After the release of this index, there were no particular changes in the markets.